124 La Brea AveLos Angeles, CA 90036
- Office properties
- 5,088 SF
Property Details for 124 La Brea Ave
- Year built
- 1986
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 5,088 SF
- Zone code
- LAC2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 5513-003-013
- APU
- 5513003013
Description
This exceptional Los Angeles office building, located at 124 N. La Brea Avenue, presents a compelling investment opportunity for owner-users or investors. The property boasts 5,088 square feet of space within a two-story, single-building structure constructed in 1986. Currently operating at 50% occupancy, the building offers significant potential for increased revenue. The property is classified as Class C and is zoned C2, providing flexibility for a variety of commercial uses. The building's traditional office layout is adaptable to various business needs. Its prime location in Los Angeles, within Los Angeles County, and the 90036 zip code, offers excellent access to transportation and amenities. The property is being offered for sale by the owner and can be delivered vacant, providing immediate control and customization for the new owner. This is a rare opportunity to acquire a well-situated office building in a thriving Los Angeles market. The building's solid construction and flexible zoning make it an ideal investment for long-term growth and profitability. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,474,196
- 6.5%
- $1,360,797
- 7%
- $1,263,597
-
Comparable approach
- Method
- Valuation
- Relative Method
- $967,534
- Geo Method
- $967,534
-
Alternative Use
- Use
- Valuation
- Residential
- $1,687,388
- Hospitality
- $1,545,638
- Educational
- $1,285,953
- Medical
- $1,330,179
- Retail
- $2,000,371
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0744
- Longitude
- -118.344
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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